Obama's limiting of retirement accounts is just another socialist ow to unions
Where do you think he came up with the 3 mil figure!
Go to actuarial tables for, say, a Ca. Fireman, a Naperville school teacher, and look at the "lifetime" expected draw against their defined benefits pension program. Their relatively low-to-no risk program comes in at about $3.9 million, but Obama wants real savers , taking tons of risk, to be limited to a number less than that.